The Rundown

Josh Brown, CEO of Ritholtz Wealth Management and a notable finance commentator, dives deep into the current economic landscape. He explains why unchecked inflation can feel more daunting than a recession, and how the housing market significantly influences consumer sentiment. Brown also discusses the generational shift in politics, with young voters seeking solutions to affordability issues. Additionally, he highlights how economic pressures might actually boost entrepreneurship, offering a glimmer of hope amidst financial uncertainty.

Young Americans are grappling with the most challenging housing market in decades. Home prices have skyrocketed, and mortgage rates have doubled, pushing buyers' average age to 40. The episode delves into why builders have underproduced homes since 2008 and how homeowners with low mortgage rates create a 'lock-in effect' that limits inventory. While rising rents show some signs of relief, the discussion reveals that major supply increases are crucial for affordability. Political proposals like 50-year mortgages are also scrutinized as potential but inadequate solutions.

The podcast dives into the recent stock market sell-off tied to the end of a government shutdown, revealing underlying economic weaknesses. NVIDIA's upcoming earnings are highlighted as potential market catalysts. Meanwhile, the Trump administration's plans to roll back tariffs aim to ease grocery prices. Merck's $9.2 billion acquisition of Cedara is discussed for its significance in healthcare. Lastly, Michael Burry's decision to shut down his hedge fund raises eyebrows as he expresses concerns about market valuations.

The market gets a snapshot with a focus on the struggles of the Dow amid broader trends. Disney’s latest earnings reveal a dip in cable profits but a rise in streaming subscribers. Anthropic makes waves with a massive investment in data centers, while Cisco continues to thrive thanks to AI demand. Exciting news from Firefly Aerospace as they plan to resume rocket launches after setbacks. Plus, Waymo rolls out driverless highway rides, marking a new era in transportation!

In the latest discussion, AMD showcases its ambitious AI growth plans, citing a remarkable 35% revenue increase and a strategic challenge to Nvidia. On Running surprises with a 25% sales boost and an optimistic full-year outlook, while deciding against holiday discounts. Meanwhile, Oklo experiences a stock rally despite ongoing losses, driven by interest in modular reactors. The episode also highlights a bullish sentiment among CEOs, suggesting a potential economic upswing.

This episode dives into Tesla's dramatic plunge in China sales, battling fierce local competition. The discussion shifts to CoreWeave's optimistic performance contrasted with troubling construction delays impacting their outlook. Paramount's strategic plan emerges, highlighting a significant cost-cutting initiative and a potential acquisition of Warner Bros. Discovery. Lastly, the episode examines SoftBank's surprising move to sell its entire NVIDIA stake while focusing investments on AI development. Tune in for insights on market reactions and strategic shifts!

The podcast delves into the recent downturn in tech stocks, with particular emphasis on concerns regarding hefty AI infrastructure investments lacking clear returns. There's a discussion about TSMC's revenue slowdown raising alarms over cooling AI chip demand, alongside big tech's ambitious $400 billion AI spending plans. OpenAI's pursuit of expanded tax credits for AI data centers sparks debate, while Rumble's acquisition of Northern Data aims to secure a massive GPU supply. Lastly, Pfizer's aggressive bid for MetSera and the potential fallout for rewards programs are also highlighted.

Tyler Radke, a Senior Equity Analyst and Co-Head of US Software Research at Citi, shares his insights on Palantir's impressive Q3 earnings. He discusses how the company could navigate potential challenges, such as an AI spending slowdown and its lagging international growth. Radke also highlights the nuances of Palantir's market valuation, the unique role of AIP in unlocking enterprise data, and the limited competition they face. Lastly, he addresses how retail investor dynamics can impact stock volatility.

The longest government shutdown in U.S. history is wreaking havoc on countless lives. Unpaid federal employees are struggling, while travel disruptions lead to long lines and major losses for the industry. Small businesses face stalled loans and lost contracts, hampering growth. Essential services like park access and health inspections are halted. Social programs, including SNAP and Medicare, are also feeling the crunch, leaving vulnerable households in dire situations. The broader economic landscape is increasingly fragile, creating uncertainty and concern.

Markets are in a slump, with tech and AI stocks feeling the heat. The FAA plans to cut flights by up to 10% at major airports due to worker fatigue from the shutdown. On a surprising note, Tesla shareholders have approved an astronomical pay package for Elon Musk, contingent on performance milestones. Meanwhile, Airbnb sees revenue growth fueled by early trip planning options, while concerns mount over Meta's ad revenue being tainted by scams, exacerbated by AI.